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雄岸科技(01647) - 2025 - 中期财报
GRANDSHORESGRANDSHORES(HK:01647)2024-12-31 07:53

Financial Performance - Revenue for the six months ended September 30, 2024, was SGD 48,578,720, a 66.5% increase from SGD 29,182,500 in the same period of 2023[45]. - Gross profit for the same period was SGD 6,446,672, compared to SGD 3,917,253 in 2023, reflecting a significant improvement[45]. - The company reported a net loss of SGD 3,043,504 for the six months ended September 30, 2024, compared to a net loss of SGD 1,580,354 in the previous year[46]. - Revenue from integrated building services was SGD 28,632,220, up from SGD 20,402,097, marking a 40.5% increase[62]. - Revenue from construction projects reached SGD 19,454,827, a substantial increase from SGD 8,822,527, representing a 120% growth[62]. - Basic and diluted loss per share was SGD 0.24, compared to SGD 0.13 in the previous year[46]. - The company reported a loss attributable to owners of the company of SGD (2,874,000) for the six months ended September 30, 2024, compared to SGD (1,542,702) in 2023[81]. - Despite the increase in gross profit, the loss attributable to the company’s owners increased from approximately SGD 1.5 million to about SGD 2.9 million[169]. Assets and Liabilities - As of September 30, 2024, the net asset value of the group is SGD 56,960,871, a decrease from SGD 59,346,140 as of March 31, 2024, representing a decline of approximately 4.8%[33]. - The lease liabilities increased to SGD 260,548 from SGD 125,217, indicating a rise of 108.1%[33]. - The total equity attributable to the owners of the company decreased to SGD 56,905,648 from SGD 59,106,091, reflecting a decline of about 3.7%[33]. - Cash and cash equivalents decreased by SGD 3,408,794 during the period, compared to a decrease of SGD 565,500 in the previous year[54]. - The company’s interest expense on lease liabilities increased to SGD 20,481 for the six months ended September 30, 2024, from SGD 18,283 in 2023[69]. - The company’s total other receivables, deposits, and prepayments decreased to SGD 13,187,178 as of September 30, 2024, from SGD 16,215,237 as of March 31, 2024[91]. - The company has a total overdue and credit-impaired receivables of SGD 342,151 as of September 30, 2024, compared to SGD 346,754 as of March 31, 2024, indicating a reduction of about 1.6%[104]. - The company reported receivables from financing leases amounting to SGD 171,075, a decrease from SGD 173,377 as of March 31, 2024, reflecting a decline of approximately 1.3%[95]. Cash Flow and Investments - Fixed bank deposits increased significantly to SGD 2,336,810 as of September 30, 2024, compared to SGD 1,000,000 as of March 31, 2024, representing a growth of 133.7%[106]. - Cash and bank balances decreased to SGD 12,213,824 as of September 30, 2024, from SGD 15,804,006 as of March 31, 2024, a decline of approximately 22.5%[107]. - The company has not disclosed any significant investments or capital asset plans beyond what is reported[6]. - The company did not recommend an interim dividend for the six months ended September 30, 2024, consistent with the previous year[79]. Revenue Sources - Revenue from external customers in Singapore was SGD 48,087,047, up from SGD 29,224,624, indicating a 64.5% increase[65]. - The company reported a significant increase in revenue from digital asset trading, generating SGD 380,022 compared to no revenue in the previous year[62]. - Rental income for the six months ended September 30, 2024, was SGD 78,000, with no rental income reported in the same period of 2023[67]. - Interest income for the six months ended September 30, 2024, was SGD 29,214, compared to SGD 449,078 for the same period in 2023, representing a significant decrease[67]. Market and Economic Conditions - The market price of Bitcoin rose from approximately USD 64,000 on September 30, 2024, to about USD 96,000 at the report date, marking an increase of approximately 50%[9]. - The total construction demand in Singapore for 2024 is expected to be between SGD 32 billion and SGD 38 billion, with public sector projects contributing approximately 55%[146]. - The company expects stable growth in construction demand, projecting annual demand between SGD 31 billion and SGD 38 billion from 2025 to 2028[146]. Employee and Management - The company reported a total compensation of SGD 792,365 for key management personnel for the six months ended September 30, 2024, compared to SGD 750,776 in the previous year[122]. - The group employed 494 full-time employees as of September 30, 2024, an increase from 461 full-time employees as of March 31, 2024[180]. - The company’s employee compensation is determined based on their job scope, responsibilities, and performance, with discretionary bonuses linked to the group's profitability[180]. Corporate Governance and Compliance - The company has confirmed compliance with the corporate governance code during the review period[27]. - The company has a share option scheme aimed at incentivizing and retaining talented employees[199]. - The company has not held any significant investments that account for 5% or more of the group's total assets as of the end of the review period[187]. - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the review period[180]. Financial Instruments and Risks - The group has not utilized any financial instruments to hedge against foreign exchange risks during the review period[178]. - The company did not have any financial liabilities measured at fair value as of September 30, 2024[132]. - The company did not report any transfers between Level 1, Level 2, and Level 3 fair value measurements during the period[139].